Canada’s Manufacturing Sales Increase in October

Manufacturing sales in Canada increased by 0.3% to $54.1 billion in October, data by Statistics Canada showed on Tuesday.

The September reading was revised to show a rise of 2.2%, compared with a previous estimate of a 1.5% increase.

On an annual basis, manufacturing sales declined by 5.2%.

The rise in sales was almost entirely driven by higher prices, as evident by the numbers in constant dollars.

Paper manufacturing, petroleum and coal products led the increase.